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The Financial Services and Markets Act 2000 (Consumer Credit) (Miscellaneous Provisions) Order 2014
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- UK Statutory Instruments
- 2014 No. 208
- Article 2
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Changes and effects yet to be applied to Article 2:
- art. 2 coming into force by S.I. 2014/208 art. 1(4)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
- Order power to modify conferred by 2023 c. 29 s. 3 Sch. 1 Pt. 2
- Order revoked by 2023 c. 29 Sch. 1 Pt. 2
Applications under section 28A of the Financial Services and Markets Act 2000U.K.
This section has no associated Explanatory Memorandum
2.—(1) Section 55U(4), (5), (7) and (8) of the Financial Services and Markets Act 2000 (applications under this Part)(1) apply to an application made under section 28A of that Act (credit-related agreements made unenforceable by section 26, 26A or 27)(2) as if the application were an application made to the FCA under Part 4A of that Act (permission to carry on regulated activities)(3).
(2) Where a person (“A”) has the right to exercise rights under an agreement entered into by another person (“B”), section 28A of the Financial Services and Markets Act 2000 applies as if the references to the relevant firm in subsections (3) and (7) of that section include a reference to A.
Commencement Information
I1Art. 2 in force at 26.2.2014 for specified purposes, see art. 1(3)
I2Art. 2 in force at 1.4.2014 in so far as not already in force, see art. 1(4)
(1)
Section 55U substituted by the Financial Services Act 2012 (c.21), section 11.
(2)
Section 28A inserted by Financial Services Act 2012, Schedule 9, Part 2, paragraph 8
(3)
Part 4A substituted by the Financial Services Act 2012, section 11.
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